Regulation 29

Subject to the modification in paragraph (2), section 150 of the Act applies to enable the Authority to inspect under conditions of secrecy the books of the Depository in the same manner and extent as it enables the Authority to inspect the books of any of the persons referred to in section 150(1) of the Act.

The reference to “a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both” in section 150(7) of the Act is to be read as “a fine not exceeding $5,000”.

Subject to the modification in paragraph (4), section 150A of the Act applies in relation to any written report or part of the report that has been produced by the Authority upon an inspection referred to in paragraph (1) in the same manner and extent as it applies in relation to any written report or part of the report that has been produced upon an inspection under section 150 of the Act in respect of any of the persons referred to in section 150(1) of the Act.

The references to “a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both” in section 150A(5) and (6) of the Act are in each case to be read as “a fine not exceeding $5,000”.